Update shared on27 Aug 2025
Fair value Increased 1.05%Shopify’s consensus price target was slightly raised to $161.11 as analysts highlighted exceptional Q2 results, accelerating revenue and GMV growth, and expanding international and enterprise momentum, although some caution remains on valuation.
Analyst Commentary
- Bullish analysts cite exceptional Q2 results, highlighted by accelerating gross merchandise volume growth and revenue growth above 30% despite difficult macroeconomic conditions.
- Sustained growth momentum and strength across customer tiers and regions, with Shopify entering the second half of the year well-positioned.
- Expansion of international presence and enterprise/upmarket segments, supporting the company’s long-term growth strategy and revenue outlook.
- Competitive position further improved by ongoing feature additions and a healthy Merchant engine, offsetting near-term MRR growth headwinds.
- Bearish analysts note that shares may be "priced to perfection," suggesting limited near-term upside despite positive fundamentals.
What's in the News
- OpenAI plans to take a commission from sales made directly through ChatGPT by integrating a checkout system for in-platform transactions (FT).
- Shopify offers checkout technology that can be integrated into third-party online services, referenced as relevant to OpenAI's plans (FT).
- SentinelOne shares rose 12% following reports from Calcalist that the company is in advanced takeover talks with Palo Alto Networks (Calcalist).
- Calcalist noted SentinelOne is currently valued at $6.5B, positioning it as an attractive acquisition target (Calcalist).
- Palo Alto Networks denied there was any truth to rumors of acquiring SentinelOne, as reported by CNBC (CNBC).
Valuation Changes
Summary of Valuation Changes for Shopify
- The Consensus Analyst Price Target remained effectively unchanged, moving only marginally from $159.43 to $161.11.
- The Discount Rate for Shopify remained effectively unchanged, moving only marginally from 8.28% to 8.22%.
- The Net Profit Margin for Shopify remained effectively unchanged, moving only marginally from 14.58% to 14.64%.
Disclaimer
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